JBS to revamp compliance procedures - leatherbiz: Leading news site fo Leatherbiz

News

JBS to revamp compliance procedures

14/06/2017
Beleaguered meatpacker and tannery owner JBS has appointed Marcelo Proença as head of compliance, following a 27-year career as a lawyer and academic.

He joins the Brazilian company as it is undergoing investigations into corruption.

"My goal is to improve the compliance programme by making it a model for the market with full internal and external controls which I am confident will ensure a lasting successful company that will evolve greatly in building trust and reputation with stakeholders and, in particular, with employees, the market and society," said Mr Proença.

The board has also appointed legal firm White & Case to oversee the compliance programme.
JBS chairman Tarek Farahat said: "These are just the first steps but they are also fundamental to our goal of raising JBS's governance level and making it a global governance benchmark."

This week, Ranchers-Cattlemen Action Legal Fund, United Stockgrowers of America (R-CALF USA) requested “a full investigation and strict antitrust enforcement action in the wake of the unfolding corruption charges against JBS”.


Related stories:

JBS sees appeal over asset sales rejected 05/07/2017
US livestock farmers call for investigation into JBS 12/06/2017
JBS starts to sell packer plants, tanneries not affected 07/06/2017
Social projects will benefit from JBS parent group fine 06/06/2017
JBS Couros takes part in High Point furniture event 05/06/2017
JBS parent company agrees $3 billion fine with Brazilian authorities 31/05/2017

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.